Real Gross Domestic Product: Transit and Ground Passenger Transportation (485) in Delaware
DETRANGRNDTRANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
189.70
Year-over-Year Change
85.43%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the transit and ground passenger transportation sector in Delaware. It provides insights into the performance and contribution of this industry to the state's overall economic activity.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Real Gross Domestic Product: Transit and Ground Passenger Transportation (485) in Delaware series tracks the inflation-adjusted value added by the transit and ground passenger transportation industry in the state. This metric is a key indicator of the sector's productivity and growth, which can inform policymakers and analysts about the state's economic development.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Historical Context
This trend is widely used by economists, policymakers, and industry analysts to assess the health and contribution of the transportation sector to Delaware's economy.
Key Facts
- Delaware's transit and ground passenger transportation sector accounts for a significant portion of the state's GDP.
- This industry has experienced fluctuations in recent years, reflecting changes in consumer demand and economic conditions.
- Monitoring the real GDP of this sector helps policymakers understand the state's economic diversification and development.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the transit and ground passenger transportation sector in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the performance and contribution of the transportation industry to Delaware's overall economic activity, which is valuable information for policymakers, economists, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and industry analysts to assess the health and contribution of the transportation sector to Delaware's economy, which can inform policy decisions and economic development strategies.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the U.S. Bureau of Economic Analysis, which may result in some delays in the availability of the most recent information.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Transit and Ground Passenger Transportation (485) in Delaware (DETRANGRNDTRANRGSP), retrieved from FRED.